Bitcoin (BTC) Price

During the shortened week ending June 19, crypto ETFs showed mixed results: Bitcoin funds saw $226.8M in outflows led by Grayscale's GBTC, while altcoin ETFs like HYPE, XRP, and Solana attracted a combined $46M.

Major US crypto groups are lobbying Congress to expedite legislation excluding mining and staking rewards from taxable income. While this could boost crypto investment appeal over traditional assets, political uncertainty remains due to upcoming elections and Democratic skepticism.

GoMining has launched the GoBTC Pay Gen1 SDK and API to enable native, non-custodial Bitcoin payments for merchants and wallets. Unlike platforms converting crypto to fiat, this solution settles directly on the Bitcoin network using a private mempool for faster processing. With a 0.2% fee shared between miners and wallet providers, the initiative aims to shift Bitcoin from a speculative asset to a practical medium for everyday commerce.

A dormant wallet linked to the $577M HashFlare Ponzi scheme recently moved $18.5M in ETH, reigniting scrutiny as federal prosecutors appeal the founders' 16-month sentences. While the duo defrauded 440,000 investors using fake mining dashboards, authorities seek harsher penalties, arguing the original ruling was too lenient given the scale of the fraud.

A Hong Kong resident lost HK$1.23 million in a fake laptop scam, making 80 payments over a month due to sunk cost fallacy. Police warn against escalating fees and irreversible crypto transfers via Bitcoin ATMs. Fraud cases in Hong Kong are rising, including investment and romance scams leveraging fake platforms and AI tools.

Amazon has launched a beta program for its advanced AI assistant, Alexa+, in India with Hindi language support, targeting over 600 million speakers. Select users are being invited via email to test the service and provide feedback before a potential wider release. While currently free for Prime members globally, specific Indian pricing is pending. This move underscores Amazon's strategy to capture India's vast voice-first market and compete with rivals like Google and Apple.

Bitcoin achieved three consecutive weekly closes above $63,000 amid reduced market leverage and significantly slower ETF outflows, indicating a shift toward long-term investor confidence.

Kalshi prediction markets indicate an 80% probability that Bitcoin will remain under $100,000 through 2026. With over $10 million wagered, traders see only a slim chance of the asset crossing the six-figure mark before 2027, as it currently trades around $64,600.

Bitcoin shows three historic bottom signals simultaneously in summer 2026, including a multi-year low RSI and miner capitulation, raising questions about whether $60,000 is the true floor.

XRP lags behind the broader market as capital flows into AI stocks instead of crypto. Analysts suggest a potential price recovery in the fourth quarter, highlighting a liquidity problem as the core reason for current stagnation.